Tag Archive for ‘saving rate’

Personal Income Rises 0.3% in March

The most recent data release from the Bureau of Economic Analysis (BEA) showed that Personal income climbed 0.3% in March after increasing by the same margin in prior month. Gains in personal income are largely driven by increases in wages and salaries. This is in line with the report by the National Compensation Survey that wages and salaries for civilian… Read More ›

Saving Rate Rises to 3.4% in February

According to the most recent data release from the Bureau of Economic Analysis, savings increased to $497 billion in February, the highest level since August 2017. The U.S. saving rate rose to 3.4% from 3.2% in January. It was the second consecutive increase after a relatively low 2.5% in December last year. As shown in the graph below, the savings… Read More ›

Consumer Spending Up, Saving Rate Down

The most recent data release from the Bureau of Economic Analysis shows that personal consumption expenditures increased 0.6% in November following a downwardly revised increase of 0.2% in October. Adjusted to remove the price change, real personal spending was up by 0.4% after being virtually unchanged in October. This increase is mostly due to a higher spending on nondurable goods…. Read More ›

October Gains in Personal Income and Spending

Personal income climbed 0.4% in October, according to the most recent data release from the Bureau of Economic Analysis. Gains in personal income are largely driven by increases in wages and salaries and personal interest income. Personal consumption expenditures increased by 0.3% in October, compared to nearly 0.9% jump reported in September. Real spending, adjusted to remove inflation, inched up… Read More ›